Depending on your particular circumstances and your present health plan the urgency for action and what action you should take vary.
Here’s some guidance:
If you are a Small business employer with a current group plan:
You may be looking to see what your options are. I will be happy to bring you up to date with the changes that have happened in the last year and what options are available to save costs for you and your employees. Let’s answer all those questions that have you confused and frustrated. Let’s form our partnership. Let’s talk…
If you have an Individual/Family Plan (IFP):
We’ll look at the of you and/or your employees qualifying for subsidies in on the Covered CA Exchange. We can look at it closely to see what the bigger picture is for you and your business.
We’ll examine the subtleties of group insurance and weigh your options thoroughly.
If your plan is “Grandfathered”:
A “grandfathered plan” refers to a plan that was issued prior to when the ACA was first signed on March 23, 2010. If your plan is grandfathered you may be able to keep it. Some plans retain value because they did not have to absorb all the mandated coverages. We should first find out if your GF plan will be allowed or available in 2020. You should thoroughly compare before you give this plan up. If you have qualified family or dependents they most likely can still join you on this policy or vice versa. And again, we will compare to IFP on and off exchange and small group if your eligible.
If you’re a employer and have decided not to offer group insurance in 2020:
Consider providing a defined contribution that your employees could use to purchase their own insurance, and you both could still realize tax benefits.
We can help you weigh your options, and get signed to the best one for you.
Please contact Janice Michaud or call 310-546-4295